The Elements of Banking (Classic Reprint)
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| Hersteller: | Forgotten Books (Macleod, Henry Dunning) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Elements of Banking 1. Banking is a department of the great Science of Economics, which is the Science of Exchanges, or of Commerce in its widest extent. The word Economics is derived from the Greek olkof, which is the technical term in Attic law for Property of all sorts and descriptions, whatever its nature be, and vouos, a law. Hence the word Economics means the Science which treats of the Laws which govern the relations of Exchangeable Quantities. Banking, as will be explained more fully hereafter, is that department of the Science of Economics which treats of the exchanges of Money for Credit, and of Credit for Credit. 2. Aristotle says: - "We call Wealth everything whose value is measured by Money," or rather, we may say everything which is exchangeable, as Money itself is an Exchangeable Quantity. Aristotle´s definition of Wealth is now generally accepted by modern Economists as the true one, thus Mill says: - "Everything forms therefore a part of Wealth which has power of purchasing." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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